Bullish about the reinsurance industry?

Although some stakeholders are cautiously optimistic about the future of the reinsurance industry worldwide, others are expecting nothing more exciting than stability and weak growth. In a complex, volatile market, can one afford to be bullish about the industry’s prospects?

Swiss Re is certainly optimistic – during the first half of the year, the company grew its reinsurance volumes by 9% to $14.4bn, and it says that premium growth looks likely next year. Hannover Re anticipates stability in prices and conditions overall for the treaty renewals as at 1 January. However, S&P Global Ratings has suggested that reinsurers may struggle to cover the cost of their capital in 2019 as rates are expected to rise by less than 5%.

Where do the threats and opportunities lie for reinsurers in 2019? Find out more in the November issue of RISKAFRICA magazine, out soon!

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